Impact Of Big Data On Business Decisions

Impact Of Big Data On Business Decisions

1138 WordsApr 24th, 20155 Pages

Introduction

Since the 1970’s databases and report generators have been used to aid business decisions. In the 1990’s technology in this area improved. Now technology such as Hadoop has gone another step with the ability to store and process the data within the same system which sparked new buzz about “big data”. Big Data is roughly the collection of large amounts of data – sourced internally or externally - applied as a tool – stored, managed, and analyzed - for an organization to set or meet certain goals.

The authors of [1] aim to dispel some of the current hype surrounding big data, mainly the misnomer that it is all about technology and the process is automated. In fact there are three critical elements requiring human expertise 1) the data must be the right kind, of sufficient quantity, and clean 2) a specific process must be followed for success starting with the identification of the objective 3) expert humans who know how to use the technology, execute the big data process, and perform the mining tasks which require significant mathematical calculations.

This article offers a view of the technical and non-technical requirements of making big data a successful endeavor for an organization. To achieve this goal the 10 step process if big data is defined, the data mining technologies are reviewed and data platform issues are briefly discussed.

Process

This 10 step process and technologies discussed are required for a successful big data…

Abstract
The continuous flow of data and information flooding our lives in conjunction with further increases in technology, has created a world of endless possibilities in this day and age. The impact and influences that have been created through big data will shape our lives not only today, but well into the future. This report examines the benefits of big data and the impact it has currently having in our lives as we speak. It also explores the correlation between the lack of knowledge, security…

advancements in data recording and storage, have led to a vast expansion of available and potentially relevant data commonly known as Big Data which applies more to the ability to accumulate, query, blend, and cross-reference broad data sets than to large quantities of data. Big Data “is notable not because of its size but because of its relationality to other data” (boyd and Crawford 2011). Big Data seeks to make a more meaningful relationship between this readily available data about the world…

Why Big-Data is important
Why is Data is important for a company? What are the effects?
Competitive advantage:
All companies obtain information on their customers or on their product. All these information may help a business to develop new strategies. They can also forge ahead by treating these big data. All companies have in their possession those information, so use it can be very useful. A company can identify for example their weaknesses and can improve their strategy to become the…

The influence of big data analytics on business performance
Big data is a term describing the storage and analysis of large and /or complex data sets using a series of technologies /techniques (Ward and Baker MIT review). These technologies /techniques have already been in incorporated into the leading commercial Business Intelligence platforms offer by major Information Technology vendors including Microsoft, IBM, Oracle, and SAP (Sallam et al. 2011).
Being an Information Technology Manager for…

ABSTRACT
Big data is a popular term used to describe the improvement and availability of data in both structured and unstructured formats. Structure data is located in a fixed field within a record or file and it is present in the relational data bases and spreadsheets whereas an unstructured data file includes text and multimedia contents. The primary objective of this big data concept is to describe the extreme volume of data sets i.e. both structured and unstructured. It is further defined with…

The impact of big data to businesses
CIS 5681 Research Project
Big Data Solution for Businesses
Summer 2015
06/24/2015
Sai Kireety Kokkiligadda
Sxk77140@ucmo.edu
Abstract
Big data is buzzword in every field of business as well as research. Organizations have found its application across various sectors from Sports to Security, from Healthcare to e-Commerce.
Information when rightly put in use can cease the market. For instance, with the rise of smart phone purchases, transactions through…

article can be regarded as current since it was published in 2013. What is more, the authors of this text both work for the department of business in the universities. They may have specific expertise or knowledge in the field of big data as it is an essential factor in business. Furthermore, Business Intelligence Journal contains a professional data warehouse for business. As a result, this article is also authoritative and reliable. Besides, as a journal article, not only does it follow the usual academic…

Introduction
The “Big Data” becomes a common word now in Information Technology and Business world. These two simple English words created history and meant a ton in Global market. In past the data refers to traditional data and data volumes either in single or multiple terabyte ranges. But today it’s beyond traditional data and includes real time transactional data which is a key to the business systems.
Organizations are receiving huge data from all directions include business operational & transaction…

Introduction
In this modern age of constant technological advancement and business innovation, a relatively new feature has unlocked more potential for businesses to improve: Big Data. Big Data can be defined in many different ways. It has become important primarily for business decision making.
One aspect of business that Big Data is now affecting is the auditing profession. Many opportunities exist for Big Data to improve the standard auditing procedure. However, certain challenges may prevent…

Big Data and Business
Colin Pastrana
IS 300 MIS research paper
Management of information systems are changing the way that business is being done, making it more efficient and being able to target consumers. Edd Dumbill of forbes.com has written an article in which he says “information systems are moving from the back office, to being the backbone of business value creation.” (Dumbill, "Defining Big Data", 2014). Data are streams of raw facts representing events occurring in organizations or…